Dear Mr. Minister,
I have the privilege and honour to present the report of the Expert Committee to advise the Government on the new Company Law, set up by the Ministry of Company Affairs vide Order dated 2nd December, 2004.
The Committee had the benefit of participation by several experts in various disciplines. It has tried to take a comprehensive view in developing a perspective on changes necessary in the Companies Act, 1956 in context of the present economic and business environment. Nevertheless, corporate law is a vast subject and we expect that while the report of this Committee would provide useful inputs for its revision, it may still not be the last word on various issues. However, our effort has also been aimed at making India globally competitive in attracting investments from abroad, by suggesting systems in the Indian corporate environment which are transparent, simple and globally acceptable.
See full Report Advisory.
May 2005
Posts
